Fort Economic Development Commission establishes new loan program for new businesses

The City of Fort Atkinson is aiming to create a new business loan program this summer, with the help of grants from the Wisconsin Economic Development Corporation (WEDC) and Fort Community Foundation.

The loan is intended to give businesses an incentive to come to Fort Atkinson.

City Manager Matt Trebatoski said during the city council meeting Tuesday that Fort Atkinson used to have a revolving loan program that served a similar purpose. However, it was forced to close after the state cancelled the program...

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Ken Notes: It is good to see WEDC working with local Development Corporations. I would love to see WEDC offer interest subsidized loans in partnership with banks and other lenders. This would allow the banks to do due diligence, something WEDC is not great at...



- - Volume: 8 - WEEK: 10 Date: 3/5/2020 9:32:41 AM -